EUR/AUD – 1H – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support line at 1.77703 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.79358 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Two Crows’ candlestick pattern is existing. The candles show ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.79358 – 1.78691 – 1.77406 – 1.77703 – 1.77628 – 1.77303 —
1.78357 – 1.78667 —
53.742932642733 – 58.743575052764 —
– —
1.79358 – 1763445600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – Double bottom chart pattern – – – –